InterDigital Inc (IDCC)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 857,024 | 711,188 | 709,932 | 575,889 | 517,655 | 504,255 | 483,937 | 497,549 | 401,152 | 416,818 | 445,514 | 426,114 | 407,069 | 385,797 | 330,293 | 343,605 | 336,872 | 348,243 | 333,653 | 307,944 |
| Property, plant and equipment | US$ in thousands | 18,544 | 10,872 | 10,861 | 11,084 | 11,566 | 11,181 | 11,683 | 11,445 | 11,338 | 10,164 | 11,261 | 12,315 | 13,377 | 14,182 | 14,588 | 15,626 | 16,630 | 16,244 | 11,918 | 10,243 |
| Fixed asset turnover | 46.22 | 65.41 | 65.37 | 51.96 | 44.76 | 45.10 | 41.42 | 43.47 | 35.38 | 41.01 | 39.56 | 34.60 | 30.43 | 27.20 | 22.64 | 21.99 | 20.26 | 21.44 | 28.00 | 30.06 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $857,024K ÷ $18,544K
= 46.22
InterDigital Inc's fixed asset turnover ratio has shown fluctuating trends over the last few years. Starting at 30.06 in March 2020, it decreased to 20.26 by December 2020, indicating a decline in the efficiency of generating revenue from fixed assets. However, the ratio began to improve steadily from March 2021 onwards, reaching 43.47 by March 2023. This suggests a significant increase in the utilization of fixed assets to generate sales.
Notably, the ratio peaked at 65.41 in September 2024, indicating that InterDigital Inc was able to generate $65.41 in revenue for every dollar invested in fixed assets. However, the ratio dropped to 46.22 by December 2024.
Overall, the increasing trend in the fixed asset turnover ratio from 2021 to 2024 reflects improved efficiency in utilizing fixed assets to generate sales for InterDigital Inc. This could be indicative of effective asset management strategies or increased demand for the company's products and services during this period.
Peer comparison
Dec 31, 2024